Statement of Comptroller of the Currency John C. Dugan on the Administration’s Financial Stability Plan

WASHINGTON — Comptroller of the Currency John C. Dugan issued the following statement today on the Administration’s Financial Stability Plan:

The comprehensive program outlined this morning by Treasury Secretary Timothy F. Geithner marshals the resources of the federal government and the private sector to reinvigorate the financial sector and stabilize the banking system. The program will play a vital role in addressing the problems in our nation’s economy and in ensuring that our banks are strong enough to support the credit needs of creditworthy consumers and businesses. We have a great deal of work ahead of us to implement this program, and we at the OCC will do everything necessary to ensure its success.